China Financial News

27.12 / 07:19

Highways testing BYD has obtained conditional testing license for level 3 autonomous driving on high-speed roads

BEIJING (Reuters) — Chinese electric vehicle giant BYD (SZ:002594) said on Wednesday it has obtained a conditional testing license for level 3 (L3) autonomous driving on high-speed roads.

27.12 / 07:18

FIVE economy Yellow show Gold Prices Gold prices steady as early rate-cut hopes drive strong gains

Investing.com-- Gold prices kept to a tight range in Asian trade on Wednesday after rising optimism over early interest rate cuts by the Federal Reserve drove a strong melt-up in prices through December.

27.12 / 07:17

Manufacturing economy Nikkei show performer country Asian stocks Asian stocks 2023 roundup: Japan, India shine while China lags

Investing.com-- Japanese and Indian stock markets were the top performers in Asia through 2023, with a dovish Bank of Japan and optimism over the Indian economy acting as key points of support.

27.12 / 06:25

reports Department Canada ready to pay two Michaels settlement for China prison time: report

Canada’s government is willing to sign off on multimillion-dollar settlement packages for Canadians Michael Spavor and Michael Kovrig to compensate them for the near three years they were incarcerated in Chinese prisons, the Globe and Mail reported on Tuesday, citing government sources.

27.12 / 06:15

Provident Manufacturing Lexus track reports testing Toyota Motor's global production gallops with 11% increase in November

Toyota Motor's global production jumped 11 per cent in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas. Output for November climbed to 926,573 vehicles, while worldwide sales increased 14 per cent from a year earlier when shortages of semiconductors plagued automakers globally. Both figures include Toyota's Lexus luxury brand.

27.12 / 06:09

Reuters Align NetEase country reports recommendations Tencent, NetEase stocks rebound after Chinese regulator softens crackdown on online gaming

China's new rules to reduce spending on video games create panic among investors, wipes off $80 billion Draft rules that curb spending and use rewards that encourage playing video games were published on December 22, raising concerns that regulators were once again cracking down heavily on the sector. Contradicting its previous stance, China's video game regulator - the National Press and Publication Administration, came up with a more conciliatory tone, saying it would improve the rules by "earnestly studying" public views.

27.12 / 05:57

JPMorgan Software Enterprise love show country reports AI boom fails to propel China's cloud market growth

BEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China.

27.12 / 05:37

Lexus track surges Toyota's global output surges to record in November on strong demand

TOKYO (Reuters) — Toyota Motor (NYSE:TM)'s global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas.

27.12 / 04:18

NetEase country reports Shares of Tencent, NetEase rebound after Chinese regulators vow to improve draft rules

Its Hong Kong-listed shares climbed 3% in morning trade after a 12% tumble on Friday. Hong Kong markets were closed on Monday and Tuesday for public holidays.

27.12 / 04:08

Booking Enterprise Immunic performer reports Real estate and infrastructure stocks lead Indian equity market gains in 2023

Adani Group companies — the heavy hitters of 2022 — are mostly finishing with losses despite a rebound in recent months. As the benchmark S&P BSE Sensex Index heads for an eighth year of gains with returns of 17% in 2023, expectations that the party led by Prime Minister Narendra Modi will win elections in 2024 are raising hopes this bull run may continue. Global funds have bought more than $20 billion of local shares in 2023, after taking out $17 billion last year, signaling investors’ preference for India as China grapples with an economic slowdown.

27.12 / 03:34

economy Nikkei show performer track country Asian stocks Asian stocks rise tracking Wall St rally; China losses persist

Investing.com-- Most Asian stocks rose on Wednesday, tracking a rally on Wall Street as investors cheered the prospect of early interest rate cuts by the Federal Reserve, while Chinese shares lagged on a bleak economic outlook.

27.12 / 01:51

Extreme Manufacturing Apple Corning concert electronic reports Apple in advanced talks with parts companies Aequs, Rayprus

Apple is in advanced talks with component makers such as India’s Aequs Group and Taiwanese camera and lens maker Rayprus Technologies in the iPhone maker’s concerted move to deepen its manufacturing operations in the world’s second-largest smartphone market. Aequs makes high-quality toys, consumer durable goods and aerospace parts in India, US and France while Rayprus is a subsidiary of Taiwanese contract manufacturing giant Foxconn and makes high-quality precision camera and lens solutions.

26.12 / 20:58

Maxim Aware Healthcare country innovations guidelines India to draft rules for strategic trilateral developmental projects

NEW DELHI : India is working on guidelines for strategic trilateral partnerships to maximize the impact of developmental projects in its neighbourhood and beyond in collaboration with other countries, said people aware of the matter. India has partnered with the UK, the US, France, Japan, and Germany to implement developmental projects in India’s neighbouring regions and key nations in Southeast Asia and Africa. While India has traditionally favoured bilateral developmental projects for ease of coordination, and established political relationships with the recipient countries, it is now exploring collaborations with a select group of countries.

26.12 / 18:33

country consequences India becomes 2nd-largest importer of Russian fuels

Russia's crude oil exports and a fifth of coal came to India in the past 12 months, making India the second-largest importer of Russian fuels after China, according to a research agency. Since the European Union imposed a ban on the import of coal, oil and some other commodities from Russia on December 5, 2022, supplies to India and China have increased. Between the EU ban and the end of November this year, China imported 40% of all the coal and 45% of all the crude oil Russia exported, according to the Finland-based Centre for Research on Energy and Clean Air (CREA). India purchased 32% of Russia's crude oil exports while the EU (8%) and Turkey (4%) were the third- and fourth-largest buyers.

26.12 / 17:49

Target Platform Immunic President country patient AstraZeneca to Buy China's Gracell Bio for up to $1.2 Billion

AstraZeneca said on Tuesday it will buy Gracell Biotechnologies for up to $1.2 billion as the Anglo-Swedish pharma company furthers its cell therapy ambitions and boosts its presence in China, the world's second-largest pharmaceuticals market. The cash deal, which adds several experimental therapies to AstraZeneca's portfolio, values Gracell at $2 per ordinary share, or $10 per ADS of Gracell, plus a non-tradable contingent value right of $0.30 per ordinary share, if certain regulatory milestones are met.

26.12 / 17:48

Manufacturing Mobile economy Pool performer electronic India holding up on the FDI front

FDI spiked in October on a surge in inflows and low repatriation. It is too early to see in the October performance a reversal of a weak trend for the financial year. The languor is on account of global investment being depressed in a fragile economic recovery.

26.12 / 17:35

Provident Booking Align Gemini track stars travelers AI pioneer says public discourse on intelligent machines must give 'proper respect to human agency'

She’s an important figure behind today’s artificial intelligence boom, but not all computer scientists thought Fei-Fei Li was on the right track when she came up with the idea for a giant visual database called ImageNet that took years to build

26.12 / 17:29

Merit awards Southern President Experts reports President Xi promotes two naval officers to top ranks amid South China Sea, Taiwan tensions

Xi Jinping has promoted two naval officers, including a submarine expert, as top naval commanders which involves the Chinese navy's operations in the disputed South China Sea. Xi, who is also the chairman of the powerful Central Military Commission (CMC), the overall high command of the armed forces besides being the President and head of the ruling Communist Party, has presented certificates of order to promote two military officers to the rank of General, official media reported on Tuesday. General is the highest rank for officers in active service in China.

26.12 / 17:26

Citi Aviat Airlines Infinity Patrick Experts stars Malaysia Airlines flight MH370: Experts claim it could be found in days

Malaysia Airlines flight MH370 could be solved soon. It may bring to an end what is regarded as one of the most perplexing aviation mysteries of all time. It all began on March 8, 2014, when the Malaysia Airlines passenger jet with 227 passengers and 12 crew members onboard vanished. It was a normal flight from the Malaysian city of Kuala Lumpur to the Chinese capital Beijing. The flight was commanded by senior pilot Zaharie Ahmad Shah, and first officer, Fariq Hamid and everything seemed perfect for the first 40 minutes of Flight MH370. But the flight lost contact and went out of radar all of a sudden.

26.12 / 14:26

ETF Investment crypto ETFs Hong Kong Prepares for Retail Access to Spot Crypto ETFs + More News

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.

26.12 / 13:42

economy show country outbreak consequences China’s Yuan Is Quietly Gaining Ground

Chinese assets have had a terrible year—but China’s currency is gaining ground as an international payments option. The yuan’s status as a global currency still faces a huge obstacle in the form of China’s own capital controls. Even so, rising willingness to conduct trade in yuan could help insulate China’s economy, at least to an extent, in the event sanctions were imposed in a hypothetical future conflict with the West.

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